Binary Secret Code Review

Binary Secret Code is a binary options signals service that works by allowing the binary options trader to copy trades as they are placed by the Binary Secret Code team. The trades are strictly made on various recommended binary options platforms.

According to the Binary Secret Code team, their service operates by showing a trading signal with an audio alert. The signal is shown on the left side of the interface (see snapshot), and the trader can then select the broker and implement the trade by clicking the appropriate sections. You can also copy trades of the top traders.

Asset Types Traded

The signals services that are delivered by the Binary Secret Code service covers all the asset types traded in the binary options market: currencies, commodities, stocks and stock indices.

How it Works

The trader is expected to open an account with a recommended broker and deposit funds in it. Thereafter, the trader must send an email with the deposit confirmation from the broker to [email protected]. This will enable the Binary Secret Code team to activate your account and enable it to receive signals information and to copy trades.

The trade signals are used to trade various contracts with expiry times as short as 60 seconds and other contracts that last 5 minutes, 10 minutes, 15 minutes 1 hour, and even as long as one day.

The signals are good for 60 seconds, 5 minutes, 10, and 15 minute contracts, as well as all other intermediate and long term contracts. The signals always come with a sound alert so that if the trader is not on the PC, the sound can draw the trader to the trade.

Cost

Binary Secret Code gives out its signals for free, but this is dependent on the trader registering to trade these signals from the platforms of recommended brokers. The recommended brokers are CherryTrade, OneTwoTrade, OptionRally, Bloombex Options and GTOptions.

Profitability

The Binary Secret Code team claims to have made 13 out of 17 profitable trades in one instance, and almost guarantees that traders can make $500 to $1,000 daily on the conservative side. This almost sounds too good to be true, and traders are advised to test this out with small amounts of money as past performance is not a guarantee of future outcomes.

It is also advised by the Binary Secret Code team not to withdraw more than $5,000 from any of the brokers at any given time. This is probably to prevent the brokers from being overwhelmed with withdrawal requests.

Special Features

The special features of the Binary Secret Code service are as follows:

According to the Binary Secret Code team, all the brokers used for this service are reliable. In the words of one of the team members in their YouTube video, “you’re safe with these guys because we’ve checked them out”. Moreover, the Binary Secret Code team has promised to keep re-evaluating these brokers so as to weed out those who misbehave.

Subscribers get to deposit funds with PayPal on the platform of Bloombex options, which is a very rare situation as most binary options brokers do not accept PayPal payments.

Customer Support

The support team on Binary Secret Code can be reached via email using this address: [email protected]. There is no other means of contacting the team.

Conclusion

While the signals service as advertised looks good on the surface, there are still a lot of questions begging to be answered. For instance, you have to wonder how traders making $1000 a day with this system will not create a skew in the balance of trades in the system, given the lack of liquidity that exists in the binary options market. It would have been interesting for the Binary Secret Code team to explain how small account holders can make such startling returns.

The profit table of the Binary Secret Code team seems to operate on the principle of compounding, and it would have been interesting to get the team to explain this in better detail. This is where signals365.com beats it hands down, as traders on that platform are given the details of what they need to know to start trading profitably with their signals.

All in all, the signals are worth trying out. Test this with a little money before taking the plunge.

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